Unit Corporation, together with its subsidiaries, engages in the exploration, acquisition, development, and production of oil and natural gas properties in the United States. It operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment explores for, acquires, develops, and produces oil and natural gas properties. Its producing oil and natural gas properties, unproved properties, and related assets are primarily located in Oklahoma and Texas, as well as in Arkansas, Colorado, Kansas, Louisiana, Montana, New Mexico, North Dakota, Utah, and Wyoming. The Contract Drilling segment is involved in the contract drilling of onshore oil and natural gas wells for a range of other oil and natural gas companies primarily in Oklahoma, Texas, Wyoming, North Dakota, Colorado, and Utah. It has 55 drilling rigs in its fleet. The Mid-Stream segment buys, sells, gathers, processes, and treats natural gas for third parties. This segment operates 3 natural gas treatment plants, 14 processing plants, 22 gathering systems, and approximately 1,475 miles of pipeline in Oklahoma, Texas, Kansas, Pennsylvania, and West Virginia. Unit Corporation was founded in 1963 and is headquartered in Tulsa, Oklahoma.

2.7 Community Rank

Outperform Votes

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Community Sentiment

Unit has received 53.36% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Unit and other stocks. Vote “Outperform” if you believe UNT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe UNT will underperform the S&P 500 over the long term. You may vote once every thirty days.

Do Wall Street analysts recommend investors buy shares of Unit?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Unit in the last year. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Unit.

How were Unit's earnings last quarter?

Unit Co. (NYSE:UNT) issued its earnings results on Monday, March, 16th. The oil and gas company reported ($0.67) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.25) by $0.42. The oil and gas company had revenue of $164.36 million for the quarter, compared to the consensus estimate of $167.24 million. Unit had a negative return on equity of 4.23% and a negative net margin of 82.10%. View Unit's earnings history.

What price target have analysts set for UNT?

2 brokerages have issued 1-year price targets for Unit's shares. Their forecasts range from $14.00 to $14.00. On average, they anticipate Unit's stock price to reach $14.00 in the next year. This suggests a possible upside of 19,344.4% from the stock's current price. View analysts' price targets for Unit.

Has Unit been receiving favorable news coverage?

Press coverage about UNT stock has trended somewhat positive on Sunday, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Unit earned a media sentiment score of 1.3 on InfoTrie's scale. They also assigned media coverage about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutUnit.

Are investors shorting Unit?

Unit saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 8,620,000 shares, a decrease of 6.4% from the April 30th total of 9,210,000 shares. Based on an average daily trading volume, of 3,070,000 shares, the short-interest ratio is presently 2.8 days. Approximately 16.1% of the shares of the company are sold short. View Unit's Current Options Chain.

Which major investors are selling Unit stock?

Which major investors are buying Unit stock?

UNT stock was bought by a variety of institutional investors in the last quarter, including Invesco Ltd., Wells Fargo & Company MN, Pinnacle Holdings LLC, Two Sigma Advisers LP, and State Street Corp. Company insiders that have bought Unit stock in the last two years include Frank Q Young, G Bailey Iv Peyton, J Michael Adcock, and King P Kirchner. View insider buying and selling activity for Unit.

How do I buy shares of Unit?

Shares of UNT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Unit's stock price today?

One share of UNT stock can currently be purchased for approximately $0.07.

How big of a company is Unit?

Unit has a market capitalization of $3.99 million and generates $674.63 million in revenue each year. The oil and gas company earns $-553,880,000.00 in net income (profit) each year or ($1.13) on an earnings per share basis. Unit employs 1,376 workers across the globe.